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Marginal Madness

Updated Aug. 28, 2000 12:01 a.m. ET

As we slide into the deep bog of campaign rhetoric, you'll hear plenty about Al Gore's tiny little tax cut for special little groups and George Bush's much more generous across-the-board reduction in marginal rates for everybody. But here's one tax proposal we know you won't hear one word about -- changing marginal rates so that the higher the income, the lower the rate.

What? Are we nutz?! No, just intrigued by an analysis put forward by two economists, Jonathan Gruber at MIT and Emmanuel Saez at Harvard. These worthies argue...